Zepto, an instant grocery delivery startup founded by two teens, has raised $100 million in a funding round led by Y Combinator, taking its valuation to $570 million within five months of starting services in India's red-hot quick commerce segment.
Zepto has more than doubled its valuation to $570 million from $225 million last month as the 10-minute grocery delivery startup expands into newer cities.
The round also saw participation from new and existing investors, including Glade Brook, Nexus, Breyer Capital, Lachy Groom, Global Founders Capital, Contrary Capital, among others.